RIA Telecommunications of Canada Inc. and Euronet Worldwide, Inc. acquire XE Corporation

On July 2, 2015, Euronet Worldwide, Inc. a leading electronic payments provider, acquired XE.com Inc., a global leader in digital foreign exchange information.

Euronet used approximately $60 million from its revolving credit agreement together with about 640,000 Euronet shares and an undisclosed amount of cash to complete the deal. The deal provides Euronet a large Internet presence and user base attuned to foreign currency, while Euronet offers XE breadth and depth in foreign currency products, a strong balance sheet and geographic expansion opportunities.

Euronet Worldwide is an industry leader in processing secure electronic financial transactions. The Company offers payment and transaction processing solutions to financial institutions/ retailers/ service providers and individual consumers.

XE.com is a Canadian-based online foreign exchange tools and services company which ranks one of the top five business news sites globally.

Euronet was represented with a team from McCarthy Tétrault led by George S. Takach, and including Omar Soliman, Joanne Pierucci, Dan Doliner (tech M&A); Pat McCay (tax); Andrew Parker (securities); Kirsten Thompson (privacy); Oliver Borgers (Investment Canada); Ana Badour (financial regulatory); Michael Nicholas (securities regulatory); Alfred Macchione, Julian Ho (intellectual property); and Geoff Hall (commercial).